Adani Wilmar's Profits Surge Amidst Strong FMCG Growth

Adani Wilmar Ltd posted a record net profit of Rs 313.20 crore for Q1 FY25, driven by higher revenues in cooking oils and FMCG products. The company's total income rose to Rs 14,229.87 crore from Rs 12,994.18 crore the previous year, with notable growth in the edible oil and food sectors.

Adani Wilmar Ltd announced a consolidated net profit of Rs 313.20 crore for the first quarter of this fiscal, buoyed by increased revenue from cooking oils and other food-FMCG products.

This marks a significant turnaround from a net loss of Rs 78.92 crore in the same period last year. Total income for the company surged to Rs 14,229.87 crore during the April-June quarter, compared to Rs 12,994.18 crore in the previous year, according to a regulatory filing.

As a joint venture between Adani Group and Singapore's Wilmar, Adani Wilmar operates primarily in the edible oil, food & FMCG, and industry essentials sectors. The company saw its edible oil revenue jump 8% to Rs 10,649 crore, while food and FMCG revenue increased by 40% to Rs 1,533 crore. The firm's industry essentials segment revenue remained stable at Rs 1,986 crore.

Angshu Mallick, MD & CEO of Adani Wilmar, highlighted the company's 10% year-on-year revenue growth to Rs 14,169 crore, attributing the success to a consumer shift towards branded staples. Both the edible oil and Food & FMCG segments experienced double-digit volume growth, which contributed to higher profits. The firm also reported its highest-ever EBITDA of Rs 619 crore, a remarkable 375% increase year-on-year.

Looking ahead, with brand 'Fortune,' Adani Wilmar aims for continued market share gains and plans to enhance food distribution to meet rising demand in Indian households.

(With inputs from agencies.)